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Observers Suspect an Aggressive Fed Rate Hike Next Month, Analyst Predicts Fed Will Pivot in December
21.10.2022
According to recent reports close to central bank officials, the U.S. Federal Reserve will likely deliver another interest rate hike by roughly 75 basis points (bps) next month. Moreover, markets are predicting another rise by three-quarters of a point, and CME’s Fedwatch Tool indicates there’s...
Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September
13.10.2022
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly...
UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases
4.10.2022
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output...
US Senator Introduces ‘No Digital Dollar Act’ to Prohibit Treasury and the Fed From Interfering With Americans Using Paper Currency
2.10.2022
A U.S senator has introduced the “No Digital Dollar Act to prohibit the U.S. Treasury and the Federal Reserve from interfering with Americans using paper currency” if a central bank digital currency is adopted. The bill further states: “No central bank digital currency shall...
Fed Chair Jerome Powell Updates Work on Digital Dollar — Says US Central Bank Digital Currency Will Take ‘at Least a Couple of Years’
29.9.2022
Federal Reserve Chairman Jerome Powell says the U.S. central bank is looking at whether to issue a digital dollar with a “very broad scope.” He noted that the Fed is collaborating with Congress and the executive branch on whether to issue a central bank digital currency. Fed Chair...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower as Powell Claims There Are ‘Structural Issues’ With Cryptocurrency
28.9.2022
Bitcoin was back in the red on Wednesday, as U.S. Federal Reserve Chair Jerome Powell called for more regulation in decentralized finance (defi), citing “structural issues” as a key reason. The token fell below $19,000 on the comments, moving closer to a key support point as a result....
Fed's Powell: DeFi needs appropriate regulation before expanding to retail
28.9.2022
Jerome Powell acknowledged that DeFi will start to reach more retail customers, highlighting the need for regulation
Fed Chair Powell Sees ‘Real Need’ for More Appropriate Defi Regulation Citing ‘Very Significant Structural Issues’
28.9.2022
Federal Reserve Chairman Jerome Powell says decentralized finance (defi) has “very significant structural issues,” emphasizing a “real need” for more appropriate regulation of the defi ecosystem. Fed Chair Jerome Powell on Defi Regulation Federal Reserve Chairman Jerome...
Fed Chair Jerome Powell Says a ‘Difficult Correction’ Should Balance US Housing Market
25.9.2022
Following the Covid-19 pandemic, real estate investors did extremely well, despite the millions of Americans that were put out of work and faced evictions during the lockdowns in 2020. Stimulus put a bandage on the financial wounds inflicted by Mainstreet business shutdowns and deadlocked supply...
Jerome Powell is prolonging our economic agony
21.9.2022
Jerome Powell is lengthening economic pain by refusing to raise interest rates at the necessary pace. It’s time to rip off the band-aid
Federal Reserve Hikes Benchmark Bank Rate by 75bps to Battle Elevated Inflation
21.9.2022
The U.S. Federal Reserve raised the federal funds rate on Wednesday afternoon by three-quarters of a percentage point. The central bank’s move follows the consumer price index (CPI) report last week that showed U.S. inflation jumped last month by 8.3% per annum. Fed Raises Federal Funds Rate...
Bank of America Market Strategist Says ‘Summer Rally Is Over’ as Crypto and Stocks Slide Ahead of Fed Rate Hike This Week
19.9.2022
Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank...
US Inflation Rate in August Runs Hot at 8.3%, Peter Schiff Says America’s ‘Days of Sub-2% Inflation Are Gone’
13.9.2022
On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward....
Bitcoin, Ethereum Technical Analysis: BTC Beyond $21,000, ETH Above $1,700 as Powell Remains Hawkish
9.9.2022
Bitcoin rose by over $2,000 in the last 24 hours, as markets responded to bullish comments from United States Federal Reserve Chair Jerome Powell. Speaking yesterday, Powell stated, “We need to act now, forthrightly, strongly as we have been doing.” Ethereum also surged, moving above...
Surge or purge? Why the Merge may not save Ethereum price from 'Septembear'
3.9.2022
Options data, macroeconomic catalysts and technical signals suggest a decline in Ethereum price is on the table despite the Merge
Gold and Silver Markets Shudder, Analysts Say Firm Dollar and Rate Hikes May Drag Precious Metal Markets Lower
1.9.2022
Precious metal markets have shuddered during the last few weeks, as gold’s price per ounce nears a six-week low hovering just under $1,700 per unit. Silver crashed through the $18 range slipping to $17.80 per ounce. While both gold and silver dipped between 0.85% to 0.89% against the U.S....
Bitcoin price clings to $20K as analyst says Fed ‘buried’ soft landing
31.8.2022
The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance
IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two
30.8.2022
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned. IMF on US Economy and Global...
Senator Warren ‘Very Worried’ About Federal Reserve Raising Interest Rates, Tipping US Economy Into Recession
30.8.2022
U.S. Senator Elizabeth Warren says she is “very worried” that the Federal Reserve will tip the economy into recession. “There is nothing in raising the interest rates, nothing in Jerome Powell’s tool bag that deals directly with” the causes of inflation,...
US dollar hits new 20-year high — 5 things to know in Bitcoin this week
29.8.2022
A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support